Japan is once again hinting at currency intervention as USDJPY rises towards 160. The yen is at the mercy of the Fed’s monetary policy. The US dollar has reached a 19-month high on speculation that the Fed may raise rates by 50 basis points in one go in December. According to CME FedWatch, as of […]
The post Dollar Hits 19-Month High as USDjpy Nears 160 and Japan Hints at Intervention appeared first on ActionForex.
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USD/JPY remains near 160.00 on Thursday, having tested early September highs yesterday and today. Despite the yen’s attempts to recoup some losses, USD/JPY remains relatively stable above 159.50, so it is too early to speak Read more…